forecast plan (n)~ A long-range plan for estimating capacity quantitie…
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forecast plan (n)~ A long-range plan for estimating capacity quantities of finished goods to be sold and quantities of components needed and for establishing financial priorities. forecasting (n)~ A planning tool that helps management in its attempts to cope with the uncertainty of the future relying mainly on data from the past and present and analysis of trends. Forecasting starts with certain assumptions based on the management’s experience knowledge and judgment.
